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William E Schrafft & Bertha E Schrafft Charitable Trust

Organization summary

Type of Nonprofit

Designated as a Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Donations to this organization are tax deductible.

Summary charts: organization finances over time

Revenue
$1.85M (2022)

Expenses
$2.41M (2022)

Total Assets
$41.9M (2022)

Total Liabilities
$136k (2022)

Source: Form 990 tax filings from 2011 to 2022

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Dec.
2022

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$1,849,069
Expenses
$2,409,204
Net Income
-$560,135
Net Assets
$41,741,409
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $19,448
1.1%
Dividends $884,271
47.8%
Sales of Assets $945,350
51.1%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $2,035,600
84.5%
Compensation of Officers* $90,000
3.7%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $41,877,533
Total Liabilities $136,124
Net Assets $41,741,409
Compensation
Key Employees and Officers Compensation Other
Karen Faulkner (Executive Director) $45,000 $0
Lavinia B Chase (Trustee) $15,000 $0
Kristen J Mc Cormack (Trustee) $15,000 $0
Joseph Corrado (Trustee) $15,000 $0
Lily E Mendez (Trustee) $0 $0

Document Links

Fiscal Year Ending Dec.
2021

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$3,696,747
Expenses
$2,473,628
Net Income
$1,223,119
Net Assets
$50,753,537
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $181
0.0%
Dividends $876,571
23.7%
Sales of Assets $2,817,495
76.2%
Other Income $2,500
0.1%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $2,050,313
82.9%
Compensation of Officers* $107,000
4.3%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $51,009,453
Total Liabilities $255,916
Net Assets $50,753,537
Compensation
Key Employees and Officers Compensation Other
Karen Faulkner (Executive Director) $45,000 $0
Arthur Parker (Trustee) $17,000 $0
Lavinia B Chase (Trustee) $15,000 $0
Kristen J Mc Cormack (Trustee) $15,000 $0
Joseph Corrado (Trustee) $15,000 $0

Document Links

Fiscal Year Ending Dec.
2020

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$1,560,232
Expenses
$2,320,458
Net Income
-$760,226
Net Assets
$44,704,185
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $1,784
0.1%
Dividends $922,592
59.1%
Sales of Assets $635,856
40.8%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $1,925,730
83.0%
Compensation of Officers* $107,000
4.6%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $44,892,071
Total Liabilities $187,886
Net Assets $44,704,185
Compensation
Key Employees and Officers Compensation Other
Karen Faulkner (Executive Director) $45,000 $0
Arthur Parker (Trustee) $17,000 $0
Lavinia B Chase (Trustee) $15,000 $0
Kristen J Mc Cormack (Trustee) $15,000 $0
Joseph Corrado (Trustee) $15,000 $0

Document Links

Fiscal Year Ending Dec.
2019

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$2,796,217
Expenses
$2,298,211
Net Income
$498,006
Net Assets
$42,144,439
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $10,987
0.4%
Dividends $917,366
32.8%
Sales of Assets $1,867,864
66.8%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $1,837,046
79.9%
Compensation of Officers* $107,000
4.7%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $42,285,527
Total Liabilities $141,088
Net Assets $42,144,439
Compensation
Key Employees and Officers Compensation Other
Karen Faulkner (Executive Director) $45,000 $0
Arthur Parker (Trustee) $17,000 $0
Lavinia B Chase (Trustee) $15,000 $0
Kristen J Mc Cormack (Trustee) $15,000 $0
Joseph Corrado (Trustee) $15,000 $0

Document Links

Fiscal Year Ending Dec.
2018

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$4,221,095
Expenses
$2,207,992
Net Income
$2,013,103
Net Assets
$36,283,601
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $11,306
0.3%
Dividends $706,057
16.7%
Sales of Assets $3,503,732
83.0%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $1,865,489
84.5%
Compensation of Officers* $102,000
4.6%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $36,378,423
Total Liabilities $94,822
Net Assets $36,283,601
Compensation
Key Employees and Officers Compensation Other
Karen Faulkner (Executive Director) $44,000 $0
Arthur Parker (Trustee) $16,000 $0
Lavinia B Chase (Trustee) $14,000 $0
Kristen J Mc Cormack (Trustee) $14,000 $0
Joseph Corrado (Trustee) $14,000 $0

Document Links

Fiscal Year Ending Dec.
2017

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$2,562,542
Expenses
$2,143,541
Net Income
$419,001
Net Assets
$37,278,413
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $3,475
0.1%
Dividends $680,097
26.5%
Sales of Assets $1,872,959
73.1%
Other Income $6,011
0.2%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $1,801,840
84.1%
Compensation of Officers* $102,000
4.8%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $37,434,622
Total Liabilities $156,209
Net Assets $37,278,413
Compensation
Key Employees and Officers Compensation Other
Karen Faulkner (Executive Director) $44,000 $0
Arthur Parker (Trustee) $16,000 $0
Lavinia B Chase (Trustee) $14,000 $0
Kristen J Mc Cormack (Trustee) $14,000 $0
Joseph Corrado (Trustee) $14,000 $0

Document Links

Fiscal Year Ending Dec.
2016

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$1,860,732
Expenses
$2,119,304
Net Income
-$258,572
Net Assets
$33,930,235
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $346
0.0%
Dividends $587,367
31.6%
Sales of Assets $1,268,587
68.2%
Other Income $4,432
0.2%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $1,754,340
82.8%
Compensation of Officers* $102,000
4.8%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $34,026,664
Total Liabilities $96,429
Net Assets $33,930,235
Compensation
Key Employees and Officers Compensation Other
Karen Faulkner (Executive Director) $44,000 $0
Arthur Parker (Trustee) $16,000 $0
Lavinia B Chase (Trustee) $14,000 $0
Kristen J Mc Cormack (Trustee) $14,000 $0
Joseph Corrado (Trustee) $14,000 $0

Document Links

Fiscal Year Ending Dec.
2015

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$3,275,997
Expenses
$2,012,013
Net Income
$1,263,984
Net Assets
$34,463,319
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $319
0.0%
Dividends $489,156
14.9%
Sales of Assets $2,784,054
85.0%
Other Income $2,468
0.1%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $1,749,975
87.0%
Compensation of Officers* $88,000
4.4%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $34,565,824
Total Liabilities $102,505
Net Assets $34,463,319
Compensation
Key Employees and Officers Compensation Other
Karen Faulkner (Executive Director) $44,000 $0
Arthur Parker (Trustee) $16,000 $0
Lavinia B Chase (Trustee) $14,000 $0
Kristen J Mc Cormack (Trustee) $14,000 $0

Document Links

Fiscal Year Ending Dec.
2014

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$1,866,619
Expenses
$2,180,311
Net Income
-$313,692
Net Assets
$36,167,997
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $287
0.0%
Dividends $541,464
29.0%
Sales of Assets $1,322,806
70.9%
Other Income $2,062
0.1%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $1,897,930
87.0%
Compensation of Officers* $88,000
4.0%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $36,331,252
Total Liabilities $163,255
Net Assets $36,167,997
Compensation
Key Employees and Officers Compensation Other
Karen Faulkner (Executive Director) $44,000 $0
Arthur Parker (Trustee) $16,000 $0
Lavinia B Chase (Trustee) $14,000 $0
Kristen J Mc Cormack (Trustee) $14,000 $0

Document Links

Fiscal Year Ending Dec.
2013

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$4,627,891
Expenses
$2,249,417
Net Income
$2,378,474
Net Assets
$35,958,026
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $335
0.0%
Dividends $557,947
12.1%
Sales of Assets $4,068,793
87.9%
Other Income $816
0.0%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $1,817,500
80.8%
Compensation of Officers* $88,000
3.9%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $36,107,062
Total Liabilities $149,036
Net Assets $35,958,026
Compensation
Key Employees and Officers Compensation Other
Karen Faulkner (Executive Director) $44,000 $0
Arthur Parker (Trustee) $16,000 $0
Lavinia B Chase (Trustee) $14,000 $0
Kristen J Mc Cormack (Trustee) $14,000 $0

Document Links

Fiscal Year Ending Dec.
2012

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$1,761,477
Expenses
$1,791,862
Net Income
-$30,385
Net Assets
$31,178,991
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $1
0.0%
Dividends $566,233
32.1%
Sales of Assets $1,195,243
67.9%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $1,450,000
80.9%
Compensation of Officers* $88,000
4.9%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $31,281,798
Total Liabilities $102,807
Net Assets $31,178,991

Document Links

Fiscal Year Ending Dec.
2011

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$831,308
Expenses
$1,949,749
Net Income
-$1,118,441
Net Assets
$29,361,996
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $491
0.1%
Dividends $559,642
67.3%
Sales of Assets $271,175
32.6%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $1,596,000
81.9%
Compensation of Officers* $92,000
4.7%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $29,427,835
Total Liabilities $65,839
Net Assets $29,361,996

Document Links

Fiscal Year Ending Dec.
2010

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2009

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2008

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2007

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2006

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2005

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2004

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2003

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2002

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2001

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

About This Data

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

Which Organizations Are Here?

Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

Get the Data

For those interested in acquiring the original data from the source, here’s where our data comes from:

  • Raw filing data. Includes EINs and summary financials as structured data.
  • Exempt Organization profiles. Includes organization names, addresses, etc. You can merge this with the raw filing data using EIN numbers.
  • Form 990 documents. Prior to 2017, these documents were obtained and processed by Public.Resource.org and ProPublica. Bulk PDF downloads since 2017 are available from the IRS.
  • Form 990 documents as XML files. Includes complete filing data (financial details, names of officers, tax schedules, etc.) in machine-readable format. Only available for electronically filed documents. Electronic data released prior to October 2021 is also available through Amazon Web Services.
  • Audits. PDFs of single or program-specific audits for nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year. Available for fiscal year 2015 and later.

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